Annual Report 2020

About us

About us

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Nant de Drance pumped storage power station in the Valais Alps. View on the Vieux Emosson reservoir, 295 meters below is the Lac d'Emosson. Photo: Sébastien Moret

Alpiq is a leading Swiss energy company that is active throughout Europe. Our energy business contributes to a better climate and improves the security of supply in Switzerland and for our customers on the European markets. We pursue a sustainable, financially sound and risk-adjusted business model.

Our core business is the production of electricity from flexible CO2-free hydropower and climate-friendly nuclear power in Switzerland as well as from wind power and photovoltaics in several European countries. In addition, we operate modern and flexible gas-fired combined-cycle power plants in Italy, Spain and Hungary.

Our core business also comprises energy trading. We sell production from our own plants as well as third-party plants on our modern and efficient trading platform, and operate a trading business for electricity, gas and other energy products in more than 30 countries. A sustainable and cost-effective energy procurement strategy is an important aspect of any business. Our Sales & Origination team supports industrial and business customers with sustainable energy management as well as a wide range of energy solutions and services.

One of our main priorities is developing and expanding digital competencies and applications in order to strengthen the core business, improve our competitiveness and efficiency as well as to open up new business opportunities. We have around 1,300 employees and are headquartered in Lausanne.

Power Production in 2020

 

 

 

 

 

 

Installed capacity at 31.12.2020 1

Production 2020 2

Power Plants

MW

MW

GWh

GWh

 

 

 

 

 

Hydropower

 

2,910

 

4,702

Switzerland

2,910

 

4,702

 

 

 

 

 

 

Small-scale hydropower, wind, photovoltaics

 

326

 

521

Switzerland

17

 

53

 

Bulgaria

72

 

140

 

France

13

 

35

 

Italy

224

 

293

 

 

 

 

 

 

Nuclear power

 

676

 

5,333

Switzerland

676

 

5,333

 

 

 

 

 

 

Conventional thermal power

 

1,317

 

3,134

Italy

491

 

2,049

 

Spain

423

 

330

 

Hungary

403

 

755

 

 

 

 

 

 

Total

 

5,229

 

13,690

1 Based on Alpiq’s net share of total power plant production

2 Alpiq’s net share of total power plant production (after deducting pumped energy), excluding long-term purchase contracts

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Organisational structure

We organise our business into three business divisions: Generation Switzerland, Generation International and Digital & Commerce.

The Generation Switzerland business division comprises the production of electricity from power plants in Switzerland. This includes run-of-river power plants, storage and pumped storage power plants as well as interests in the Gösgen and Leibstadt nuclear power plants.

The Generation International business division comprises the production of electricity from new renewable energies, namely wind, small-scale hydropower and photovoltaics, in Switzerland, Italy, France and Bulgaria. This business division also produces electricity and heat from gas-fired combined-cycle power plants in Hungary, Italy and Spain.

The Digital & Commerce business division does not only sell electricity produced by Alpiq’s plants on the European electricity trading market, but also comprises international energy trading (Merchant Trading) and direct marketing for industrial and business customers (B2B). We are planning a targeted expansion of these two business fields in synergy with our origination business. To counter the increasing volatility on the energy markets, we offer our customers flexible contracts and the option to manage their financial risks associated with energy prices. Keywords here are structured contracts based on virtual power plants (VPPs) and long-term power purchase agreements (PPAs), in particular for renewable energies. We have extensive experience in marketing power production and optimising renewable energies. To improve our competitiveness, we are investing in the development of our optimisation and trading platform, using the possibilities offered by digital technologies.

Active throughout Europe

We are represented by branches in many European countries, both in trading and sales as well as with energy services. We operate our own power plants in Switzerland, Italy, France, Spain, Hungary and Bulgaria. We operate three trading floors at our headquarters in Lausanne as well as in Olten and Prague.

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